222 3rd Ave S - Hospitality FOR SALE


Windom, MN 56101
$750,000 USD
612-386-2363
222 3rd Ave S, Windom, MN for Sale
$750,000 USD
Hospitality - FOR SALE
1/6
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222 3rd Ave S
Windom, MN 56101


OVERVIEW

Motel Investment Opportunity – Windom, MN Asking Price: $750,000 Price per Key: $23,437 Building Size: 13,942 SF Lot Size: 1.54 Acres Year Built: 1971 This turnkey motel presents a compelling hospitality investment with strong in-place revenue and recent capital improvements. Located in Windom, MN, the property sits on a spacious 1.54-acre parcel and includes a two-bedroom manager’s apartment, providing efficient on-site management and operational stability. The property has been recently upgraded with a new steel roof (2024) and new windows (2024), reducing near-term capital expenditures. Guests are offered modern conveniences, including secure electronic door locks, Wi-Fi throughout the property, and updated in-room amenities that appeal to both short-term and extended-stay travelers. Each guest room is equipped with a microwave, refrigerator, and 40" LED television. The motel also features guest laundry facilities, a dedicated housekeeping/service area, and all furniture, fixtures, and equipment (FF&E) are included in the purchase price, allowing for a seamless transition to new ownership. Investment Highlights Asking Price: $750,000 2025 Room Revenue: $259,000 Financials available upon request All FF&E included Two-bedroom manager’s apartment New steel roof (2024) New windows (2024) Secure electronic door locks Microwaves & refrigerators in every room 40" LED TVs Guest laundry Housekeeping/service area Wi-Fi throughout the property This offering represents an attractive opportunity to acquire a stabilized motel asset with recent improvements, solid room revenue, and upside potential through continued operations or enhanced marketing strategies.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$61 USD /SF

# OF ROOMS

32

PRICE/ROOM

$23,438 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Carpet Inn Windom

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

B-2

APN/PARCEL ID

25-716-0110

ASK ABOUT THIS PROPERTY

Sonali VoraColdwell Banker RealtyMore Info
612-386-2363

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Sonali VoraColdwell Banker RealtyMore Info
612-386-2363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.